LIVE: Union Budget 2018

New Delhi: The Finance Minister Mr. Arun Jaitley presenting Union Budget 2018. The last full-fledged budget of the Narendra Modi-led government and the first one after GST rollout is much anticipated. With the day finally arriving today, speculation about Union Budget 2018 is rife across the country. Various sectors such as e-commerce, health, agriculture, education, Information Technology (IT), and manufacturing among others expect major policy initiatives which will drive growth and support development and expansion.

Standard deduction of Rs 40,000 for salaried employees in lieu of transport and medical expenses

Demonetisation was received by honest tax-payers as ‘Imaandari ka Utsav’

The Govt is proposing changes in refixing salaries of Members of Parliament. Law will provide automatic revision of emoluments of the MPs every 5 years indexed to inflation

Emoluments of the President to be revised to Rs 5 lakh per month & emoluments of the Vice-president to be revised to Rs 4 lakh per month

Gold monetisation scheme being revamped so that people can open gold deposit accounts in a hassle-free manner

Tax payer base has risen from 6.47 crore in 2014-15 to 8.27 crore in 2016-17.

Air Pollution in Delhi NCR is a cause for concern, special scheme will be implemented to support Govts of Haryana, Punjab,UP and Delhi NCT to address it and subsidize machinery for management of crop residue: FM Jaitley #UnionBudget2018